ATLANTA, Feb. 15, 2013 /PRNewswire/ -- Labor SMART, Inc. (OTCQB: LTNC) an emerging provider of on-demand temporary staffing, today announced January 2013 revenue of $580,556, a 118% increase over the year ago comparable period revenue of $267,080.
Ryan Schadel, Labor SMART's CEO, stated, "I am pleased with the growth we have experienced since inception. We saw very strong revenue growth last year as we began to put our operations in full swing and I expect to hasten our growth rate going forward with the talent we have been able to attract to Labor SMART." Mr. Schadel continued, "There have been some interesting developments in our industry in the last two weeks and as we look at the competitive landscape I believe Labor SMART is positioned extremely well to take advantage of these developments. Over the next several months I anticipate continued revenue growth over 2012 as well as additional industry talent joining the Labor SMART team as we build out our branch footprint."
The company also reported December 2012 revenue of approximately $556,000, a 590% increase over the year ago comparable period revenue of approximately $94,300.
Labor SMART operated 2 branch locations in December 2011 and January 2012 and 6 branch locations in December 2012 and January 2013.
About Labor SMART, Inc.
Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. Our clients range from small businesses to fortune 100 companies. Labor SMART was founded to provide a reliable, dependable, and flexible resource for on-demand personnel to small and large businesses. Every day we provide manpower for jobs in construction, manufacturing, hospitality, events, restoration, warehousing, retail, disaster relief and more. As one of the fastest growing temporary labor providers, our goal is to become a nationwide resource and partner for our clients. We take pride in the belief that we can make a positive impact each and every day for the benefit of both our client and our temporary employees. Our mission is to be the provider of choice to our growing community of customers, with a service focused approach, that positions us as a resource and partner for their business.
For more information about Labor SMART go to their website:
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Labor SMART, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.'s filings with the Securities and Exchange Commission.
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SOURCE Labor SMART, Inc.